The chart above and the table below show how facilities originated by Funding Souq perform in a given year.
Year Net Yield
2023 8.89%
2024 10.73%
Origination figures
The table below provides additional information including defaults and Non-Performing Loans. Our expected default rate of c.2% is derived from a weighted average approach that gives a higher weight to our recent loans. This approach recognizes the statistical significance of recent data in accurately reflecting current market dynamics and borrower behavior.
2023 2022
  Total Non-Performing Loans 12 4
Delayed: Past Due (less than 60 days) 33 12
Delayed: Past Due (61-90 days) 33 5
Delayed: Past Due (91-120 days) 33 2
Delayed: Past Due (121-180 days) 33 3
Delayed: Past Due (more than 180 days) 77 3
Defaulted loans (No.) 33 4
Defaulted loans (%) 33 2
Defaulted Loans (AED) 33٫000 1٫000

Date as of 31th of December 2023, the data will be updated at least on a quarterly basis.

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